Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h —

Price spread now: Reya against Orderly+0.115%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.115% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4560	0.0083	pay 0.0083% / 8h	4h 46m	$28K	$888K	10x
Short	Reya WLDRUSDPERP	0.4565	0.0134	get 0.0017% / 1h	46m 48s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee ReyabpOrdersPrice spread, now +0.115%Rate

Funding earned: $10.76
Price spread: +0.115% → 0.000%: $11.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $10.29
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: Orderly: no order-book sample; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Orderly and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	−0.0107%	8h	0.4565	+0.110%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0079%	1h	0.4565	+0.115%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4560	0.000%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	+0.126%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4563	+0.066%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	+0.115%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0008%	1h	0.4572	+0.272%	$327	$80	5x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.044%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDClong	+0.0083%	8h	0.4560	long leg	$28K	$888K	10x
Lighter WLD	+0.0096%	1h	0.4566	+0.136%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4564	+0.088%	$189K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4567	+0.154%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	+0.004%	$86.5M	$327.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.022%	$65.0M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4561	+0.022%	$34.2M	$148.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	0.000%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	0.000%	$44.4M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4560	0.000%	$30.1M	$30.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4561	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4565	+0.110%	$135K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	+0.322%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4559	−0.022%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	+0.023%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4559	−0.022%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4570	+0.208%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4577	+0.373%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4561	+0.022%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.154%	$836K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4564	+0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.026%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.028%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4565	+0.115%	—	—	20x
Phoenix WLD	+0.0158%	1h	0.4563	+0.072%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0167%	1h	0.4570	+0.224%	$50.1M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	+0.088%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4566	+0.123%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4563	+0.060%	$883K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4571	+0.241%	$268K	$1.7M	50x	as long as short